Solved

Mary Owns Two All-Terrain Vehicles (ATVs), Worth $1,000 and $500

Question 51

Multiple Choice

Mary owns two all-terrain vehicles (ATVs) , worth $1,000 and $500, respectively. Neil enters into a contract to buy "Mary's ATV" for $750. Mary believes, in good faith, that she is selling the $500 ATV. Neil believes, in good faith, that he is buying the $1,000 ATV. In this situation


A) Mary is entitled to $750 for the $500 ATV.
B) Neil is entitled to the $1,000 ATV for $750.
C) Neil must buy both ATVs for $1,500.
D) the contract is not enforceable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents